Next (OTCMKTS:NXGPY) Shares Gap Up – Here’s What Happened

Next PLC (OTCMKTS:NXGPY) shares gapped up prior to trading on Thursday . The stock had previously closed at $93.24, but opened at $100.11. Next shares last traded at $100.11, with a volume of 465 shares traded.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Next from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Next Stock Performance

The firm’s 50 day moving average price is $90.63 and its 200-day moving average price is $90.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.76 and a quick ratio of 1.15.

Next Company Profile

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.